Can I retire at age 68 with 1,680,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$138,733$137,497$136,291$135,115$133,966$131,047
2 years$68,680$67,401$66,161$64,959$63,793$60,867
3 years$45,332$44,047$42,810$41,620$40,473$37,631
4 years$33,660$32,379$31,155$29,985$28,866$26,130
5 years$26,659$25,386$24,178$23,031$21,943$19,321
6 years$21,993$20,729$19,539$18,418$17,363$14,857
7 years$18,661$17,408$16,237$15,143$14,121$11,732
8 years$16,164$14,922$13,770$12,703$11,714$9,442
9 years$14,222$12,993$11,860$10,820$9,865$7,708
10 years$12,670$11,452$10,340$9,327$8,406$6,360
11 years$11,401$10,195$9,103$8,117$7,229$5,294
12 years$10,344$9,151$8,079$7,120$6,265$4,436
13 years$9,450$8,270$7,218$6,286$5,463$3,737
14 years$8,685$7,517$6,485$5,580$4,789$3,163
15 years$8,022$6,867$5,855$4,976$4,216$2,687
16 years$7,443$6,300$5,309$4,456$3,726$2,290
17 years$6,932$5,802$4,831$4,003$3,304$1,956
18 years$6,479$5,361$4,410$3,608$2,938$1,675
19 years$6,074$4,969$4,037$3,260$2,619$1,437
20 years$5,710$4,617$3,705$2,953$2,339$1,234
21 years$5,381$4,301$3,408$2,680$2,093$1,062
22 years$5,082$4,015$3,141$2,436$1,876$915
23 years$4,810$3,755$2,900$2,219$1,684$788
24 years$4,560$3,518$2,682$2,024$1,514$680
25 years$4,331$3,302$2,484$1,848$1,362$587
26 years$4,120$3,103$2,304$1,690$1,227$507
27 years$3,925$2,920$2,139$1,547$1,106$439
28 years$3,744$2,752$1,989$1,417$998$379
29 years$3,576$2,596$1,851$1,300$901$328
30 years$3,420$2,452$1,724$1,193$814$284
31 years$3,274$2,318$1,607$1,095$736$246
32 years$3,137$2,193$1,500$1,007$666$213
33 years$3,009$2,077$1,400$926$603$184
34 years$2,888$1,968$1,308$852$546$160
35 years$2,775$1,867$1,223$784$494$138
36 years$2,668$1,772$1,144$722$448$120
37 years$2,567$1,683$1,071$665$406$104
38 years$2,472$1,599$1,003$613$368$90
39 years$2,382$1,521$940$565$334$78
40 years$2,297$1,447$881$522$303$68
41 years$2,216$1,377$826$481$275$59
42 years$2,139$1,312$775$444$249$51
43 years$2,066$1,250$727$410$226$44
44 years$1,996$1,191$682$379$205$38
45 years$1,930$1,136$641$350$186$33
46 years$1,866$1,084$602$323$169$29
47 years$1,806$1,034$565$298$154$25
48 years$1,748$987$531$276$140$22
49 years$1,693$943$499$255$127$19
50 years$1,640$901$469$235$115$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $1,680,000, adding $5,898 every year, while hoping to spend $36,329 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/34/11 Blend
67$1,680,000$1,680,000$1,680,000$1,680,000
68$1,857,444$1,768,404$1,742,364$1,954,131
69$2,008,249$1,816,402$1,762,079$2,068,315
70$2,173,219$1,865,534$1,781,237$2,188,098
71$2,353,760$1,915,818$1,799,782$2,317,662
72$2,551,421$1,967,270$1,817,651$2,457,946
73$2,767,907$2,019,907$1,834,784$2,609,981
74$3,005,096$2,073,745$1,851,111$2,774,905
75$3,265,056$2,128,799$1,866,564$2,953,968
76$3,550,066$2,185,085$1,881,068$3,148,548
77$3,862,634$2,242,615$1,894,545$3,360,162
78$4,205,523$2,301,404$1,906,913$3,590,480
79$4,581,778$2,361,463$1,918,086$3,841,342
80$4,994,750$2,422,806$1,927,972$4,114,774
81$5,448,132$2,485,442$1,936,477$4,413,006
82$5,945,993$2,549,380$1,943,501$4,738,497
83$6,492,814$2,614,629$1,948,938$5,093,954
84$7,093,531$2,681,195$1,952,677$5,482,359
85$7,753,582$2,749,084$1,954,602$5,906,997
86$8,478,958$2,818,300$1,954,592$6,371,486
87$9,276,260$2,888,845$1,952,519$6,879,813
88$10,152,758$2,960,719$1,948,249$7,436,370
89$11,116,465$3,033,919$1,941,640$8,045,997
90$12,176,205$3,108,442$1,932,546$8,714,024
91$13,341,704$3,184,282$1,920,812$9,446,326
92$14,623,675$3,261,429$1,906,276$10,249,376
93$16,033,922$3,339,871$1,888,769$11,130,303
94$17,585,450$3,419,593$1,868,111$12,096,966
95$19,292,592$3,500,578$1,844,118$13,158,023
96$21,171,134$3,582,805$1,816,594$14,323,014
97$23,238,475$3,666,247$1,785,335$15,602,451
98$25,513,782$3,750,877$1,750,127$17,007,918
99$28,018,178$3,836,660$1,710,747$18,552,180
100$30,774,936$3,923,559$1,666,960$20,249,302